How Rivian Can Not Only Survive but Thrive Before the R2 Hits Roads
Long-term Rivian (NASDAQ: RIVN) investors might be experiencing some angst. The stock is down 85% since its late-2021 IPO. But while the electric vehicle (EV) industry trudges along with slower-than-anticipated growth, it's still rapidly evolving with cost cuts, vehicle launches, and improved battery technology, among other developments.
The question facing Rivian investors is, how does the company bridge the gap between now and what seems like an eternity before the R2 Rivian SUV launches its next growth phase? The answer for investors is hopefully something many have forgotten all about.
With all the developments surrounding Rivian and its path toward the R2, R3, and R3X, investors can be forgiven for forgetting all about the company's first big win: Its agreement with Amazon to deliver 100,000 electric delivery vans (EDVs) by 2030. Over the past nine months, Amazon has increased its U.S. EDV fleet by 50%, to 15,000 delivery vans. But that's not the current selling point for Rivian investors.
Source Fool.com
